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LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION

April 15, 2021

TO:	Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
FROM:	Jerry McGinty, Director, Legislative Budget Board
IN RE:	HB3278 by Noble (Relating to the release of a deed of trust or other contract lien securing a home loan after payoff by mortgagor.), As Introduced

No fiscal implication to the State is anticipated.

The bill would amend the Finance Code as it relates to the release of a lien after the payoff of a home loan by a mortgagor, mortgagee, or mortgage servicer. 

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

450 Dept Savings and Mortgage Lending

LBB Staff:

JMc, AAL, MB, EJ